I'm a huge fan of 15. I hadn't thought of it that way before.
15. It encourages work by letting workers keep 100% of their earnings and giving a rebate, in addition, making the notion that “the more you work, the more money you have”, a reality, unlike the current system where welfare is lost when you go to work, so the first dollars earned after taxes just offset what a welfare recipient is currently receiving in assistance, so working is perceived as disadvantageous.
It sounds good, but if welfare is not based on income, what will it be based on under the fair tax? I will give you a hint, it will still be based on income and they will still reduce their aid just like they do today. There is no welfare reform in this bill, the system will work as it does today with the same real disadvantage of going to work. Just another bogus claim unfortunately.
The "Full Paycheck" is a misrepresentation. The original FairTax economic study assumes that all wages and salaries will magically be reduced from current gross pay down to current after-tax pay.
See below for more information:
| JORGENSON EXPLODES FAIRTAX MYTH (FR Exclusive) |
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| Posted by RobFromGa On News/Activism 08/25/2005 12:40:44 AM EDT · 655 replies · 6,383+ views self | August 25, 2005 | RobFromGa |
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| OPEN LETTER TO BOORTZ/LINDER (FairTax) |
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| Posted by RobFromGa On News/Activism 08/22/2005 9:53:28 PM EDT · 542 replies · 3,072+ views self | August 22, 2005 | RobFromGa |
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| A Fair Question about Fair Tax |
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| Posted by RobFromGa On News/Activism 08/03/2005 7:51:43 PM EDT · 966 replies · 5,230+ views August 3, 2005 | RobFromGa |
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